So what are the roles of a global custodian when it comes down to the administration of assets? Well, in addition to the normal type of custodial work of making necessary arrangements for the receipt and delivery of securities and cash in settlement for purchases and sales in multiple jurisdictions. With administration of assets, we also come across things like corporate actions, proxy voting, dividends, interest, tax, among several other aspects. It's basically all the back office administration duties that anybody that is used to holding securities has to deal with in addition to buying and selling the actual securities themselves.